Annual Inflation Rate Update

France's annual inflation rate adjusted to 1% in June, marking a slight increase from the preliminary estimate of 0.9% and a significant rise from May's 0.7%, as detailed in the final report by INSEE. The Consumer Price Index (CPI) also saw a 0.4% growth compared to the previous month.

Price Movements Across Sectors

Food prices experienced a 1.4% year-on-year increase but saw a slight 0.1% decrease month-on-month. Energy costs, while dropping by 6.7% annually, recovered slightly with a 0.6% monthly increase. Services sector showed robust growth, with a 0.6% rise from May and a 2.4% increase compared to June 2024.

Harmonized Index of Consumer Prices

The HICP reflected a 0.9% annual and a 0.4% monthly increase, indicating a steady upward trend in consumer prices across France.